Advertisement


Advertisement

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Breaking News : Vodafone says UK headquarters in doubt after Brexit
#1
Advertisement
British telecoms giant Vodafone warned today that the future of its London-based headquarters is in doubt after voters chose to quit the European Union. EU membership has been important to Vodafone’s growth, the group said in a statement, with most of its 462 million customers and 108,000 employees based outside of Britain. The bloc offered free movement of people, money and goods, as well as access to an emerging European digital market, it said.

“It remains unclear at this point how many of those positive attributes will remain in place once the process of the UK’s exit from the European Union has been completed,” Vodafone said. “It is therefore not yet possible to draw any firm conclusions regarding the long-term location for the headquarters of the group.” Britons voted 52 per cent to 48 per cent in favour of leaving the 28-nation bloc in a June 23 referendum that has toppled Prime Minister David Cameron of the ruling Conservative Party and left the opposition Labour Party in turmoil.

It is unclear what form Britain’s relations with the European Union will take, nor even when the country will notify Brussels of its intention to leave, formally starting exit negotiations. Vodafone said it would evaluate the developing situation and take “whatever decisions are appropriate” for its customers, shareholders and staff. The multinational group stressed that it was committed to supporting customers in Britain and would invest in its British operations in the future.

http://www.india.com/business/vodafone-s...t-1297411/
Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads...
Thread Author Replies Views Last Post
  General News: Vodafone Idea Prepaid Tariffs Set to Become More Expensive: Here Are The Details nairrk 0 87 12-03-2019, 12:18 PM
Last Post: nairrk
  General News: Vodafone-Idea to hike mobile call, data charges from 3 December nairrk 0 111 12-01-2019, 02:55 PM
Last Post: nairrk
  General News: Reliance Jio Rs 149 revised prepaid plan: Comparison with Airtel and Vodafone plans nairrk 0 133 11-11-2019, 12:27 PM
Last Post: nairrk
  General News: Vodafone rolls out new Rs 30 plan for low-value customers nairrk 0 128 10-21-2019, 06:53 PM
Last Post: nairrk
  General News: Vodafone All-Rounder Packs explained: Check all the details nairrk 0 106 09-28-2019, 07:36 AM
Last Post: nairrk
  General News: Vodafone debuts Rs 205, Rs 225 prepaid recharge plans; offers unlimited calling.. nairrk 0 222 07-22-2019, 12:28 PM
Last Post: nairrk
  General News: Airtel, Vodafone postpaid plans nearly twice as expensive as Reliance Jio nairrk 0 299 07-19-2019, 09:11 AM
Last Post: nairrk
  General News: Vodafone Idea now offering additional 400MB daily data on select prpaid recharge plan nairrk 0 315 07-12-2019, 06:34 PM
Last Post: nairrk
  General News: Vodafone revises Rs 139 prepaid plan benefits; now offers 3GB data, unlimited calling nairrk 0 277 07-08-2019, 01:49 PM
Last Post: nairrk
  General News: Vodafone revises Rs 129 prepaid plan with extra data benefits nairrk 0 249 07-01-2019, 02:10 PM
Last Post: nairrk

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement